Tag Archives: Seven-UP Bottling Company Plc

Seven-Up Bottling Company Plc (“SBC”), the bottler of PepsiCo brands of soft drinks in the country, on Friday reported a net loss of N2.5bn for the first quarter of its 2017/2018 financial year (Apr – Jun) despite recording nearly 20% sales growth of N31bn from N27bn in the previous year. The loss adds to the company’s woes which had reported a N10.7bn loss in June for the 2016/2017 financial year.

The company cited skyrocketing net finance cost as the reason for the first quarter loss. Finance charges rose a record 85% to N1.8bn, from N961m in the same period a year ago.

The Consumer Protection Council (CPC) on Tuesday released its results of findings on the level of benzoic acid and sunset yellow found in Fanta and Sprite as well as other soft drink brands bottled in the country.

The Council said it was compelled to launch an investigation following the public outcry after a Lagos High Court ruled in the case of Fijabi Adebo and his firm Fijabi Adebo Holdings Limited against the National Agency for Food and Drug Administration and Control (NAFDAC) and the Nigerian Bottling Company (NBC).

Seven-Up Bottling Company Plc has appointed Mr. Ziad Maalouf as the new Managing Director of the 57 year old company.

Up until his recent appointment, he was the company’s Chief Operating Officer and had joined the company in 2008 as it’s National Sales and Distribution Manager.

Mr. Maalouf has over 20 years work experience in corporate finance, organizational leadership and strategic management, among others. He holds a Bachelor’s Degree and a Master’s Degree in Business Administration from the American University of Beirut.

Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price.

Nigerian Bottling Company (NBC), the biggest soft drinks maker in Nigeria and bottler of the famed Coca-Cola brand have raised its prices across the board as it continues to battle macroeconomic challenges such as continued naira devaluation, inflation and higher input cost of imported raw materials.

Advocates of sugar-tax on sweetened beverages such as Carbonated Soft Drinks (CSDs) in Nigeria say that health organisations as well as medical and public health institutions have been enabling the rise in new cases of diabetes and other non-communicable diseases (NCDs) in the country by accepting billions of naira in donations from soft drink manufacturers in the form of Social Responsibility donations.

Soft drinks maker, 7-Up Bottling Company said on Monday that currency weakness related to the recent Naira devaluation led to higher cost of goods sold and higher selling and distribution expenses, resulting in a half-year loss . The bottler of Pepsi-Cola declared a net loss of N1.6bn.

Seven-Up said that sales grew 19% to N47bn despite the macroeconomic challenges. In the previous year, revenue was N40bn. However, a 26% jump in cost of sales to N38bn, from N28bn plus a 26% rise in selling and distribution expenses all weighed on the soft drink maker’s earnings.